From time-to-time even Foreclosurepedia encounters folks whom feel they are above the law. Generally, we weed these folks out; however, just like contagion, you can only be about 99.9% effective. This, my friends, is a tragic story about greed, hustle and downfall. It will be a three part series.
During the course of our Industry Insider Investigation of HUD 3.6, we came across a company called Premier Property Management South (PPMSS). At the time and to this day, their website proudly displayed an announcement that they had invested Four Million dollars in their operation and they were the recipients of the HUD Contracts.
In preparation of the new contract, we are investing nearly 2.5M on new field equipment for our in-house service providers, inspectors, and location directors. We are also investing almost 1.5M on a technology overhaul for our entire corporation, providing new computer work stations, mobile computers, android based tablets and new mobile phones for every employee.
Brandon Lambert, Chief Operating Officer (COO) of PPMSS returned our calls the same day and stated that they had anticipated being Awarded the HUD 3.6; however, it did not happen. Over the course of several phone calls we negotiated a small batch of Orders on behalf of two of their Clients (CWIS and Zion) as we felt we should give them a chance. I mean who would’ve ever thought that a Company whom touts its Chief Executive Officer (CEO) as a decorated and wounded war hero would stiff the very citizens he served to protect? Boy, were we in for a rude awakening!
We went down from Tennessee to the Alabama/Florida border on a whirlwind tour to handle some Initial Services and Grass Cuts they couldn’t seem to get done. While we found it odd, we felt we would be able to show a personal ability to display a Projection of Influence (PoI) and handle things their own crews could not. On our way back we stopped at the residence of Jason Mathis (CEO PPMSS) and Lambert. Upon arrival we were immediately concerned as the home, while structurally sound, was both a previous foreclosure and extremely unorganized. What put us even more on guard was the fact that Mathis was not able to leave his room to even come out and meet us. Now, you need to remember here that we had just completed a one thousand mile expedition doing jobs for Mathis and Lambert; had been invited to stop by and discuss business, and Mathis was refusing to come out of his room.
After a brief discussion and a small tour of the dog kennels, we were hyped up on the possibilities of a VA Contract and told about Dr. Doom down at PK Management. We concurred, even if for different reasons, and were enroute back to Tennessee. I am going to interject some personal observations here: I am a pretty good judge of character as it has kept me both alive and fairly well off most of my life. Lambert struck me quite odd. He has a slight gimp to his walk and an extremely introverted personality. With both small frame and stature I am not really sure how he ever came to his Station in life. He was both fidgety and chain smoking the entire time we were there. These tells, alone, should have made me walk, but we figured as we had completed the jobs and had assurances we would be paid so I did not dwell on them. After all, what kind of idiot would invite someone to their home and then screw them?! Yeah, not the sharpest tool in the shed!
Part II: The Dirty South Gets Down And Hustles
We are going to put this part up tomorrow and bring you the background of how PPMS South brought in a Company called Zion and had us do some work for AMSREO in addition to the CWIS Orders (all of which have both pending Liens and Attachments to their respective HUD Performance Bonds). Zion is a front company for their money man down in Georgia. Yeah, we went there!
